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Cloud vs On-Premise: What’s Better for Your Retail Business?
From supply chain to accounting to marketing, there are a million complex and growing pieces in your retail business - and they’re not getting any simpler any time soon. However, to keep it all organized, why not keep your ERP in the cloud? Find out benefits versus an on-premise solution today.
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ERPs and Predictive Analytics
Predictive analytics is exactly what it sounds like - and can be a key tool in creating the best retail business possible. And in order to have effective predictive analytics, you need recent and accurate data - often collected by a cloud-based ERP. Find out more about how these essential parts of your business can be brought together for more effective retail operations.
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Integration Essentials for Retailers
Integrating major business operations is essential to be an effective and profitable retailer. It opens the door to more and better data. This means more informed decision making by all stakeholders in your business, leading to effective short and long-term planning.
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Mapping the Customer Journey
Mapping the customer journey is an essential part of modern retail success. Ensuring that you make informed decisions about the different ‘places’ on the map can be achieved via high quality data and reporting facilitated by an ERP.
Commission on Sales in Microsoft Dynamics 365
Sales commission is a common practice used by employers to motivate employees to increase sales. A commission is a monetary sum paid to sales team from employer defined as a percentage of sales.
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Getting to Know Your Operations with an ERP
It’s clear that having an unobstructed view into data from operations across your retail business is essential to remain competitive in a world that is becoming more digital by the moment. ERPs can help businesses obtain and analyze the necessary data for such a view.
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Consignment Inventory in Microsoft Dynamics 365
Vendor consignment has always been a manual process in Dynamics AX. With the introduction of D365 for Operations, handling vendor consignment inventory has significantly changed.
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Needs Tracked, Reported and Anticipated
There are three major parts of your retail business that stand to benefit from the implementation of an ERP: tracking, reporting, and anticipating. In this post, we’re going to look at each of these processes and specifically how an ERP can simplify them for better end results. Further, by combining the functionalities of BI with your ERP you can get usable data, reports, and dashboards that can be used to make informed and balanced decisions in the future.
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3 Best Practices for ERP Implementation
Many factors to ERP implementation success lie in thorough planning, preparing for the unexpected, and maintaining open lines of communication before, during, and after the process. To make the transition a little bit easier, we’ve come up with three best practices for a more efficient and less disruptive ERP implementation.
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Connecting the Goods and the People
Bringing together goods and customers in the best way possible can only be achieved via the seamless integration of the different parts of your retail business. An ERP can be a highly effective way to manage these processes in a way that can be easily accessed by the right decision makers across locations and functions.